Aug 01, 2015

July 2015 Denver Housing Report

Average Home Price - Metro Denver

Updated on July 1, 2015

Average Home Price 
& Monthly Housing Report

'Average home prices' rose again last month to $414,653. This is the 4th consecutive month of gains. Average condo prices also rose to $261,675, but the prices haven't been quite as robust compared to single family homes.

Inventory also increased by a little more than 12%.  This isn't a stellar improvement, considering this increase is fully absorbed by anxious buyers. To put this in better perspective, we had at least 1500 more units for sale this time a year ago.  Each year of the last few, we've been starved for inventory compared to our level of demand.

Be sure to see Today's Rates, below. 

P.S. New home builders continue to absorb the shortages around Metro Denver.  There are still many opportunities to purchase a new home and have it completed by the end of the year.  If you've always wanted a new home, now's as good a time as any.  

P.P.S. If you know of someone who needs to sell a home due to an estate, divorce, relocation, or other circumstance, please let me know. Call or email. I look forward to helping those you know, because they trust you and appreciate your referral. 

Till next month,

Average Home Price & Solds Graphs

Average Home Price, Inventory, & Days-On-The-Market Graph

Michael Dagner

Michael Dagner is a real estate professional in Denver, Colorado.